Line of credit
This type of loan revolves around credit secured against a residential property, allowing access to funds when needed. These products are creative ways to raise funds for investment by providing cash up to a pre-arranged limit.
Pros:
- Use the money you need and pay it back when you can
- Interest rates tend to be lower than credit cards or personal loans
Cons:
- Possibly reduces equity in your residential property
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July 24, 2021 at 1:09 PM